My Trading Adventure

Trading Class : Formation of a group

CP TEH
Publish date: Sat, 17 Sep 2011, 08:00 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
i3investor : There are some new readers from this site which I need to point out that you need to read straight from my blog as it is being updated whenever I think I want to write and it is NOT written there. For example, I m writing these lines and LATER I will write again, the posting will only show these lines!! Get it?

I have classes from 8am to 5.30pm today, and later at night I do have a dinner with a student's parent who appreciate my teachings and his son got an A in Further Maths. I will be treated with a nice buffet in Holiday Villa. Ghee ,... the feeling of satisfaction!!

9.50 am : I had 3 hours plus of trading class last night, talking about 'support and resistance'. Then, we went for drink and talked till 1 am ... and I have lost my voice!! I talked too much for the whole day!! Haha. Well, I have just done with a class from 8 am to 9.30am, taking a short break and waiting for my next class from 10am to 11.30 am.

Trading Class : Module 3 - Support and Resistance

I will like to thank my 6 turtles for attending last night as some could not make it and will only join next Friday class. We did have a nice time last night, where learning to draw S&R lines for some are very new. Questions like 'how' coming into pictures ... and once they are familiar, we will start to answer the 'why'. While we are learning using KLSE's stocks as references(Genting, BStead and AMMB used), I will like to draw their attentions to HKSE's stocks. Yes, we are in a group now, checking on the best deal in town(or in Spore or HK) where we could buy into HK's babes!! Yup .. these are real humans. Some in markets for 10-20 years, yet to know ANYTHING much about charts or trading or even simple logic of businesses.

I m motivated to guide them too ... as they've shown motivation to learn. I m in education-line and know what is needed to LEARN. No matter how good a teacher could be, it is still much depends on the learner. We couold only guide, advise, share opinions or experiences. It is still depending on how hard-working a person want to learn.

Group :Forming a trading group is our next step AFTER I m done with my modules(1 to 5). By then, we will be familiar with my styles and I should know their learning pace. I will guide the group discussions and yes, my time is expensive. To me, learning is long and nothing come easy - money and time invested to improve our trades. I will still charge, perhaps much lesser, for these meetings of analysing charts together. Dedication of TIME is important and I will hope all to be in a group, not left-out.

Platforms : I will initiate those young-turtles to create a blog for all of us to share/analyse. It will be a good platform for them to track their trading thoughts and experiences. It also could be their trading-journal. Yup, that will be one of the platform. Next will be using face-book to post some charts and getting feedback from them. I will only check at nights. That is also in my mind. And using a chat-box, to communicate 'live'. That is created but not utilise yet. Slowly, these platforms(rather than thru e-mail)

Resources : By forming this group of novices, with good guidance, we could also share resources - books, magz, newpapers-cuttings, websites ... anything related to information which is important to be used for our trading/investing purposes. I will slowly want to see everyone contributed in sharing of resources.

Yes, I am in the business of sharing information. In my view, knowledge are meant to be shared. I could only hope no conflicts or 'selfish' individuals in the group. Sharing resources ... I will even create a mini-library in our meeting room for references. It is so difficult for me to trust strangers ... but I am taking a risk here. Who knows what type of individuals I m having in the group, right?

Funds : To me, money is a no-no issue to share!! The tensions and problems arise from sharing of funds will be too much for me to take. So, I will put it clear that I will NOT manage anyone's money. Buy/sell due to our own decisions. Never to BLAME on me or others when a trade doesnt work as planned. Sharing of pool-of-funds WILL bring more conflicts. Trade at OWN risk. Trusting me also a RISKY decision! Haha.

Delegation : Yes, with the group, I could slowly delegate my tasks to those more advanced ones to teach the slower ones. I want it to be a team-event, easier said than done. Not many will see sharing as I do. Not many willing to teach others, even they are free and know-how. Not many around such 'stupid' human in this materialistic surrounding. It is always the MORE and MORE money for me and ME alone. Hmm ... anyhow, I will try to push out this idea of helping others. It is just my personal beliefs that things meant to be shared.

e-book : I will be working with the group in my writing of my e-book, simple things that we are going through in out learning. Hence, their feedbacks and inputs will be complied and in my e-book. This is to benefit those who could not attend my simple uncle-class but wanted to learn. Yes, I do have requests from different part of Malaysia. Thanks for showing some interests. With that, I do hope I could complete my modules by end of the year. How much will it be? I will discuss with my turtles!!

4.30 pm : Just home from classes since 8am. And off for another class!! Yup, I am tired. Wish to rest ... Sunday is my rest day.

6.25 pm : No time to rest much ... going off for a 'thank you' dinner from a parents. Well, his son was desperately need someone good to teach him FM last year. His son is a nice good boy. So, I m glad to take up the challenge and taught him well to score an A. Some parents insisted to treat me as their kids placing 'praises'. Hmm ... perhaps that explain why I am in teaching line for so long. Perhaps too long ...

WCT : At 2.20 level now. If we were to BUY due to the two reports with the TP or FV so high, should we buy more NOW since it is so much cheaper? It was hovering at RM3, then.

Constructions : I was re-reading MayBank's reported about over-weight rating for contructions. It was dated 6th June 2011. Their top-pick are Gamuda, WCT and HSL. Gamuda(TP 4.45), WCT(TP 3.75) and HSL(TP 2.30). I am not sure about the latest report if they have downgraded the sector or any of the stocks.

OSK's FV for WCT was RM3.69(reported on 30th May).




TEH
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